Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
(a)
The Company’s common stock is listed and traded on the New York Stock Exchange under the symbol SCL.
As of January 31, 2021, there were 1,737 holders of record of the Company’s common stock. This number does not include beneficial owners whose shares are held by nominees in street name.
(b)
Below is a summary by month of shares purchases by the Company during the fourth quarter of 2020:
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (1)
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans
or Programs (1)
October
32
(2)
$
118.03
—
189,050
November
18,175
(2)
$
118.71
—
189,050
December
13,341
(2)
$
113.90
13,176
(3)
175,874
Total
31,548
$
116.68
13,176
175,874
(1)
On February 19, 2013, the Company’s Board of Directors authorized the Company to repurchase up to 1,000,000 shares of its outstanding common stock. Under this program, which does not have an expiration date, repurchases may be made from time to time through open market or privately negotiated transactions, subject to applicable laws.
(2)
Includes shares of Company common stock tendered by employees to settle statutory withholding taxes related to the exercise of stock appreciation rights (SARs).
(3)
Consists of shares of Company common stock purchased on the open market.
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(c)
Stock Performance Graph
The following stock performance graph compares the yearly change since December 31, 2015, in cumulative return on the common stock of the Company on a dividend reinvested basis to the Dow Jones Chemical Industry Index and the Russell 2000 Index. The Dow Jones Chemical Industry Index is a market-capitalization weighted grouping of 35 chemical companies, including major manufacturers of both basic and specialty products. The Company is not included in the Dow Jones Chemical Industry Index. The Russell 2000 Index is a market-capitalization weighted grouping of 2,000 small to medium sized companies in a broad range of industries. The Company has been included in the Russell 2000 Index since 1992. The graph assumes $100 was invested on December 31, 2015 and shows the cumulative total return as of each December 31 thereafter.
Item 6. (Removed and Reserved)
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